US asset manager expands logistics portfolio with 80% stake in Burstone
There is limited overlap between the businesses and growing risks to the property portal’s UK dominance
Canadian asset manager is seeking at least £500mn for 36-storey building
Bahrain-based investment firm hands more power to executive chair Mohammed Alardhi
New World Development shares closed down 13%
Plus, H20’s cover up, ESG funds double down on defence, and Hôtel de Gallifet in Aix-en-Provence
The UK’s higher education sector is in crisis — but they can draw solutions from financial institutions
East London landlord needs to refinance £350mn bond amid a difficult backdrop
Succession planning at JPMorgan Chase offers lessons for executives hoping to land the top job
Potential increase of capital gains tax comes on top of changes to non-dom and carried interest regimes
Jas Athwal promises to reimburse ‘every tenant out of pocket’ after black mould and ant infestations found
Report says £644mn needed to clear backlogs and start building
Sector shakeout is leading to pain for both equity and debtholders
Wall Street bank still expects to end up with a higher headcount at the end of 2024 than the year before
Discussions come as Apple, Nvidia and Microsoft consider funding round that would value start-up at more than $100bn
Ground rents, rates and insurance add to mortgage costs
Balance is needed on incentives to ensure Pershing Square USA fund does not struggle after floating
Could do better. C–
Mortgage approvals reach highest level since market was hit by Liz Truss’s mini-Budget
ANZ seeks to call time on drunk workers as part of review of culture
Plus, Arizona iced tea takes on investment bank Evercore in court and arrest of Telegram founder churns up financial troubles
The wirehouse is considering ETF versions of mutual funds already on its platforms, as well as new strategies
Vacancy rates rising in big cities including Beijing, Shanghai, Guangzhou and Shenzhen while rents are falling
Support on votes has been dwindling among big money managers after reaching record levels just a few years ago
US fund relaunch could include right to buy extra shares or stock in billionaire’s hedge fund